The general ledger of Pop's Fireworks includes the following account balances in 2024: Accounts Cash Debit...

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The general ledger of Pop's Fireworks includes the following account balances in 2024: Accounts Cash Debit Credit $23,200 Accounts Receivable 46,500 Allowance for Uncollectible Accounts $4,200 Supplies 9,700 Notes Receivable (8%, due in 2 years) 30,000 Land 95,000 Accounts Payable 14,300 Common Stock 146,000 Retained Earnings 30,900 126,800 71,900 27,200 18,700 $322,200 $322,200 Service Revenue Salaries Expense Utilities Expense Supplies Expense Totals In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 June 8 Provide additional services on account for $17,000. All services on account include terms 2/10, n/30. Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $10,000. November 15 Write off customer accounts of $5,500 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) b. Accrue interest on the note receivable of $30,000, which was accepted on October 1, 2024. Interest is due each September 30. The general ledger of Pop's Fireworks includes the following account balances in 2024: Accounts Cash Debit Credit $23,200 Accounts Receivable 46,500 Allowance for Uncollectible Accounts $4,200 Supplies 9,700 Notes Receivable (8%, due in 2 years) 30,000 Land 95,000 Accounts Payable 14,300 Common Stock 146,000 Retained Earnings 30,900 126,800 71,900 27,200 18,700 $322,200 $322,200 Service Revenue Salaries Expense Utilities Expense Supplies Expense Totals In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 June 8 Provide additional services on account for $17,000. All services on account include terms 2/10, n/30. Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $10,000. November 15 Write off customer accounts of $5,500 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) b. Accrue interest on the note receivable of $30,000, which was accepted on October 1, 2024. Interest is due each September 30.